How the GOP Tax Bill Will Impact Multinationals

The video discusses the impact of tax reforms on multinationals and domestic manufacturing. It highlights the benefits for multinationals from a territorial tax system, while noting the lack of incentives for domestic manufacturing. The discussion includes the compliance of the tax bill with Senate rules and the risks associated with territorial tax principles, such as job shifts and effects on GDP. The video also examines tax strategies, particularly in low-tax jurisdictions like Ireland, and the conscious choices made in the tax reform process.

How does the tax reform potentially create incentives for companies to repatriate offshore profits?

What are the implications of the tax reform on the trade deficit and actual production in the US?

What challenges exist in measuring the true impact of the trade deficit in light of the tax reform?